Aerospace and Defense Materials Global Market to Reach $34.4 Billion by 2030: Smart Materials & 3D Printing Gain Spotlight

DUBLIN, Feb. 27, 2023 /PRNewswire/ — The “Aerospace and Defense Materials: Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.



The global market for Aerospace and Defense Materials estimated at US$21.4 Billion in the year 2022, is projected to reach a revised size of US$34.4 Billion by 2030, growing at a CAGR of 6.1% over the analysis period 2022-2030.

Composites, one of the segments analyzed in the report, is projected to record a 6.8% CAGR and reach US$14.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Aluminum Alloys segment is readjusted to a revised 5.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $7 Billion, While China is Forecast to Grow at 8.6% CAGR

The Aerospace and Defense Materials market in the U.S. is estimated at US$7 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 8.6% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.5 Billion by the year 2030.

Select Competitors (Total 196 Featured) –

  • Alcoa Corporation
  • Arconic Inc.
  • ATI Metals
  • Constellium SE
  • Evonik Industries
  • Hexcel Corporation
  • Huntsman International LLC
  • Kaiser Aluminum Corporation
  • Kobe Steel, Ltd.
  • Materion Corp.
  • Novelis Inc.
  • Rio Tinto Group
  • SGL Carbon
  • Solvay S.A.
  • Strata Manufacturing
  • TATA Advanced Materials Limited
  • Teijin Limited
  • Thyssenkrupp Aerospace Germany GmbH
  • Toray Industries, Inc.

What`s New for 2023?

  • Special coverage on RussiaUkraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies – Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of Covid-19 and a Looming Global Recession
  • Global Economic Update
  • World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral Approach to Managing Future Pandemics
  • War, Inflation & High Cost of Living Crisis Supersede COVID-19 as Major Downside Risks for the Global Economy in 2022 & Beyond
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Pandemic Dents Prospects in the Aviation Industry, Impacting the Demand for Aerospace Materials
  • Global Airlines Performance by Region: 2020 Vs 2019
  • YoY % Change in Revenue Passenger Kilometers (RPK): 2014-2020
  • Staged Recovery over Long-Term to Boost Prospects
  • Material Supply Crunch Decelerates Recovery of Aerospace Industry
  • Aerospace Materials: An Introductory Prelude
  • Material Mix Evolves as Fuel Economy Throws the Spotlight on Aircraft Lightweighting
  • Competition
  • Aerospace and Defense Materials – Global Key Competitors Percentage Market Share in 2023 (E)
  • Aerospace and Defense Materials Competitor Market Share Scenario Worldwide (in %): 2018E
  • Materials Used in Aircraft Manufacturing
  • Market Outlook
  • US Dominates the Market
  • Asia-Pacific as Powerful Engine for Aviation Industry & Related Materials
  • India Emerges as a Lucrative Market
  • Recent Market Activity
  • WORLD BRANDS
  • Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Slow Recovery in Commercial Aviation Sector Presents Opportunities
  • Global Commercial Aircraft New Deliveries by Aircraft Type (2022-2041)
  • Global Commercial Aircraft Fleet Projections: Breakdown of Fleet (in Units) by Region for 2019 and 2040
  • Global Aircraft Deliveries by Region: 2021-2040
  • Spurt in Air Passenger Traffic and Need for Modern Aircraft Presents Growth Opportunities
  • Passenger Traffic as Share of 2019 by Country for 2021-2025
  • Number of Scheduled Passengers Boarded by Airlines Worldwide industry (In Million) for Years 2018 Through 2023
  • Spending Patterns in the Defense Sector to Strengthen Growth Prospects
  • Global Military Expenditure in US$ Billion (2016-2021)
  • World Steps Up Military Spending in the Wake of the Russia Ukraine War,
  • Rising Demand for Fixed Wing Fighter Aircraft Bodes Well
  • Military Aircraft Supply Chain to Benefit from the Unfortunate State of Global Geo-Political Affairs: Military Spending by Top Countries in 2022 (In US$ Billion
  • Growth of Low-Cost Carriers: An Opportunity for Aerospace Materials Market
  • LCC Short Haul Market as % of Total Seat Capacity by Region
  • Business & General Aviation Segment Poised to Lead Future Growth in the Aerospace Materials Market
  • Global Private Jet Aircraft Industry in US$ Billion: 2021 & 2028
  • Global General Aviation Market: Revenue Share (in %) by Aircraft Type: 2023e
  • Smart Materials & 3D Printing Gain Spotlight
  • List of Select 3D Printing Materials for Aerospace Applications
  • Aging Aircraft Expand Opportunities for Engineering Materials
  • Aging Aircraft & the Ensuing Need to Ensure Airworthiness of Older Airplanes to Spur Opportunities in the MRO Services Market: Average Age (in Years) of Globally Operating Aircraft Fleet for 2020 & 2030
  • Aerospace Industry to Scale New Heights with Innovative, Green Materials
  • Composites: The Dominant Aerospace Material Category
  • Challenges and Future prospects
  • Promising Composites for Aerospace Applications
  • Progressive Expansion in Use Case Results in Composites Evolving as Mainstream Aerospace Material
  • Composites Make Up for About Half of Total Weight of Modern Aircraft: Percentage Breakdown of Structural Weight Composition by Material for Airbus 350XWB and Boeing 787
  • EXHIBIT : Evolution of Composite Materials as % of Aircraft Mass for Select Fighter Aircrafts
  • Players Introduce Innovations in Composites Space
  • Nanocomposites Evolve into Advanced Solutions in Aircraft Construction
  • Carbon Continues to Make Gains as Best-in-Class Aerospace Composites Material
  • Asian Companies Dominate Aerospace-Grade Carbon Fiber Production
  • Carbon Fiber Composites Find Favor in Aircraft Interiors
  • Emergence of New & Unconventional Composites for Use in Aircraft Interiors
  • Demand for Polymer Matrix Composites Gain Momentum
  • Aerospace Tapes: An Innovative Product
  • Composites not the Panacea for Better Aircraft Manufacture as There are Few Disadvantages As Well
  • Growing Use of Composites in Airframes Challenge MRO Providers to Seek for Improved Tools and Techniques
  • Graphene: The Next Generation Material for Aerospace Industry
  • Developments in Aerospace Graphene Materials Space
  • Established Role of Aluminium in Aircraft Manufacturing Renders Improved Outlook for Aluminium Alloys
  • New Aluminum Alloys to Emerge for Aircraft Manufacture
  • Demand for 7000 series Al-Zn Alloys Gains Momentum
  • Newer Titanium Alloys Gain Traction in Aerospace Application for Engine Parts and Airframes
  • Superalloys Emerge as Key Manufacturing Materials for Aircraft Engines
  • Nickel Alloys Combine Immense Strength and Extreme Temperature Tolerance
  • Steel Alloys Lend Traction in Producing Long-Lasting Fasteners & Landing Gear Bolts
  • Use of Magnesium Based Alloys Witness a Surge
  • Aircraft Electrical Systems: The Stronghold Application for Copper & Copper Alloys

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/zhd25c-and?w=5

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